Fannie Mae Announces Expansion of HomePath for Short Sales Website
WASHINGTON, DC – Fannie Mae (FNMA/OTC) today announced the expansion of the HomePath® for Short Sales website, a communication tool created to help real estate professionals efficiently complete short sales and resolve challenges directly with Fannie Mae. The new functionality will allow agents to contact Fannie Mae sooner in the short sale process and preempt potential challenges, decreasing the need to escalate concerns further down the road. The website is open to any real estate professional working on a short sale involving a Fannie Mae-owned loan.
Through the expanded HomePath Short Sale Portal, listing agents can work directly with Fannie Mae to:
"This is an important step in continuing to build a strong relationship with the real estate community, which will ultimately contribute to the stabilization of neighborhoods," said Tim McCallum, Vice President for Short Sales, Fannie Mae. "Allowing real estate professionals to negotiate an offer directly with Fannie Mae is the next step in streamlining the short sale process. Our goal is to provide transparency throughout these transactions and arrive at an agreement that benefits all parties involved."
For more information, please visit http://www.homepathforshortsales.com/. Additionally, real estate professionals can call the Fannie Mae Resource Center for questions about the short sale process at 1-800-7FANNIE (732-6643).
HomePath for Short Sales was originally announced in February 2013.
Great news, Bryant!
It's about time.
Smitty, However, they made a similar announcement about price guidance perhaps a year ago. That never worked. We shall see. I will be testing it this week.